24, ELGAR DRIVE, WITHAM, CM8 1QD - £345,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

24 ELGAR DRIVE is a midsized detached house of 121m², built sometime between 2003 and 2006. It was last sold for £345,000 in March 2017, which was around 23% below the average March 2017 detached price in the Braintree local authority area. The most recent EPC inspection was March 2024, where the current energy rating was C, and the potential energy rating was B.

24 ELGAR DRIVE Sold Prices

Land registry data shows four sales for 24 ELGAR DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Braintree local authority area for the corresponding sale date. All of the four 24 ELGAR DRIVE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2017 13 MAR	£345,000	£449,559	23% below HPI
2014 30 APR	£248,000	£332,565	25% below HPI
2011 20 SEP	£238,000	£311,989	24% below HPI
2004 10 DEC	£235,000	£282,641	17% below HPI

24 ELGAR DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Braintree local authority area over time, sourced from the HPI. The four 24 ELGAR DRIVE sales between December 2004 and March 2017 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the April 2014 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the March 2017 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 24 ELGAR DRIVE?

24 ELGAR DRIVE is 121m² according to the EPC inspection conducted in March 2024. This puts it in the largest 50% of detached houses in Witham, based on EPC data. The below chart shows the distribution of detached houses by size in Witham, and where 24 ELGAR DRIVE lies on this distribution: 53% of detached houses are smaller than 24 ELGAR DRIVE, and 46% of houses are larger. Note that EPC data is not available for all properties in Witham.

24 ELGAR DRIVE: Plot and Title Map

24 ELGAR DRIVE sits on a plot of roughly 0.030 of an acre, or 122m². The below map shows the location of 24 ELGAR DRIVE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 24 ELGAR DRIVE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 24 ELGAR DRIVE?

24 ELGAR DRIVE is located in WITHAM, in the CM8 postcode district. The below map shows the position of No. 24 on ELGAR DRIVE.